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Find the amount of cash flow from operating activities

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Problem - On January 1, Year 2, Molohon Company had a $62,600 balance in the Accounts Receivable account and a $1,100 balance in the Allowance for Doubtful Accounts account. During Year 2, Molohon provided $148,000 of service on account. The company collected $154,500 cash from accounts receivable. Uncollectible accounts are estimated to be 1% of sales on account. Based on this information, find the amount of cash flow from operating activities that would appear on the Year 2 Statement of Cash Flows?

Reference no: EM132961040

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